Short Interest Worth Watching: Is Stag Industrial Incorporated (NYSE:STAG) a Buy? The Stock Reported Less Sellers

November 16, 2016 - By Winifred Garcia
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The stock of Stag Industrial Incorporated (NYSE:STAG) registered a decrease of 1.69% in short interest. STAG’s total short interest was 3.17M shares in November as published by FINRA. Its down 1.69% from 3.22M shares, reported previously. With 526,100 shares average volume, it will take short sellers 6 days to cover their STAG’s short positions. The short interest to Stag Industrial Incorporated’s float is 4.45%. About 271,419 shares traded hands. Stag Industrial Inc (NYSE:STAG) has risen 9.49% since April 14, 2016 and is uptrending. It has outperformed by 4.80% the S&P500.

STAG Industrial, Inc. is a real estate investment trust. The company has a market cap of $1.69 billion. The Firm focuses on the acquisition and operation of single-tenant industrial properties across the United States. It currently has negative earnings. The Firm owns approximately 290 buildings in over 40 states with approximately 54.7 million rentable square feet, consisting of over 220 warehouse/distribution buildings, approximately 50 light manufacturing buildings and over 20 flex/office buildings.

Insitutional Activity: The institutional sentiment increased to 1.47 in Q2 2016. Its up 0.49, from 0.98 in 2016Q1. The ratio increased, as 14 funds sold all Stag Industrial Inc shares owned while 52 reduced positions. 28 funds bought stakes while 69 increased positions. They now own 51.95 million shares or 1.43% less from 52.70 million shares in 2016Q1.
Bnp Paribas Arbitrage holds 0% or 3,069 shares in its portfolio. Fmr Limited Liability Company reported 84,700 shares or 0% of all its holdings. Alliancebernstein Ltd Partnership last reported 201,874 shares in the company. Indexiq Ltd accumulated 0.08% or 54,998 shares. Wells Fargo And Mn holds 610,729 shares or 0.01% of its portfolio. Barclays Public Ltd last reported 0% of its portfolio in the stock. Sumitomo Mitsui holds 0% or 47,928 shares in its portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0.01% of its portfolio in Stag Industrial Inc (NYSE:STAG). Mizuho And Banking Limited reported 13,239 shares or 0% of all its holdings. Amp Cap Limited, a Australia-based fund reported 41,857 shares. Blackrock Fund has 0.01% invested in the company for 1.75M shares. Thrivent For Lutherans owns 29,500 shares or 0% of their US portfolio. Putnam Invs Limited reported 133,360 shares or 0.01% of all its holdings. Envestnet Asset holds 0% of its portfolio in Stag Industrial Inc (NYSE:STAG) for 2,361 shares. Orinda Asset Limited Company accumulated 0.68% or 30,000 shares.

Insider Transactions: Since June 2, 2016, the stock had 1 buying transaction, and 1 insider sale for $169,181 net activity. $216,807 worth of Stag Industrial Inc (NYSE:STAG) shares were sold by King David G. 2,000 shares were bought by Butcher Benjamin S, worth $47,626.

Stag Industrial Inc (NYSE:STAG) Ratings Coverage

Out of 8 analysts covering Stag Industrial (NYSE:STAG), 5 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 63% are positive. Stag Industrial has been the topic of 13 analyst reports since September 8, 2015 according to StockzIntelligence Inc. The stock of Stag Industrial Inc (NYSE:STAG) earned “Overweight” rating by Capital One on Wednesday, March 2. As per Friday, August 5, the company rating was maintained by DA Davidson. The stock has “Hold” rating given by Evercore on Monday, June 13. The stock of Stag Industrial Inc (NYSE:STAG) earned “Buy” rating by Evercore on Tuesday, September 8. The stock of Stag Industrial Inc (NYSE:STAG) has “Hold” rating given on Friday, February 26 by BB&T Capital. The firm earned “Underweight” rating on Thursday, November 12 by BB&T Capital. RBC Capital Markets maintained Stag Industrial Inc (NYSE:STAG) rating on Friday, August 5. RBC Capital Markets has “Outperform” rating and $26 price target. Jefferies upgraded the shares of STAG in a report on Tuesday, November 15 to “Buy” rating. The company was upgraded on Friday, October 14 by CapitalOne. The rating was initiated by Jefferies with “Hold” on Friday, January 22.

STAG Company Profile

STAG Industrial, Inc., incorporated on July 21, 2010, is a real estate investment trust. The Firm focuses on the acquisition and operation of single-tenant industrial properties across the United States. The Firm owns approximately 290 buildings in over 40 states with approximately 54.7 million rentable square feet, consisting of over 220 warehouse/distribution buildings, approximately 50 light manufacturing buildings and over 20 flex/office buildings. The Company’s operating partnership is STAG Industrial Operating Partnership, L.P. (Operating Partnership).

More notable recent Stag Industrial Inc (NYSE:STAG) news were published by: Prnewswire.com which released: “STAG Industrial Announces Redemption Of 9.0% Series A Cumulative Redeemable …” on September 29, 2016, also Prnewswire.com with their article: “STAG Industrial Announces ATM Activity For Third Quarter 2016” published on October 13, 2016, Prnewswire.com published: “STAG Industrial, Inc. Announces Pricing Of 3000000 Shares Of 6.875% Series C …” on March 10, 2016. More interesting news about Stag Industrial Inc (NYSE:STAG) were released by: Prnewswire.com and their article: “Stag Industrial Announces Third Quarter 2016 Results” published on November 03, 2016 as well as Forbes.com‘s news article titled: “Ex-Dividend Reminder: STAG Industrial, U.S. Bancorp and DiamondRock Hospitality” with publication date: September 26, 2016.